Chennai-based fintech Uncia has raised $3 million (about ₹25 crore) in its maiden institutional funding round, led by Pavestone. The investment underscores investor confidence in the company’s cloud-based digital lending infrastructure as it prepares to deepen domestic operations and pursue international expansion.
Funds to drive expansion in MENA and North America
The capital will be deployed to strengthen Uncia’s India business and support targeted growth in the Middle East and North Africa (MENA) and North America—regions showing rising demand for modern digital lending platforms. Management says the markets offer strategic opportunities for banks and non-bank finance companies (NBFCs) seeking scalable, configurable lending technology.
Founder and chairman Hari Padmanabhan said Uncia prioritised building a robust product foundation and that the new funding will accelerate product enhancement, operational scale-up and international market entry. The company plans to broaden its customer base while deepening integrations with incumbent financial institutions.
AI-driven lending solutions at the core
Established in 2020, Uncia provides cloud-native SaaS platforms that address the full lending lifecycle—loan origination, loan management and supply chain finance. Its modular, configurable architecture aims to reduce financial firms’ reliance on ageing legacy systems and cut time-to-market for new lending products.
Uncia is integrating artificial intelligence into its stack to strengthen underwriting and operational workflows. In collaboration with the Indian Institute of Technology Madras, the startup is developing AI-led underwriting models intended to improve credit decisioning, risk stratification and process efficiency.
Strong traction and growing market opportunity
To date, Uncia’s platform has processed over ₹2 lakh crore in loan value, signalling notable market traction and adoption by several leading Indian financial institutions. The volumes reflect both the scale of customer uptake and the platform’s role in production lending flows.
Analysts and industry participants expect demand for fintech SaaS in lending to expand as financial services digitise globally. Providers that combine cloud-native architecture with AI-enabled credit capabilities are well positioned to capture business from incumbents and new entrants alike.
